2014/07/01 by Reza Arghandeh, Arghandeh, Reza, Jeremy Woyak +7
Engineering · #Advanced Battery Technologies Research #Electric Power System Optimization #FOS: Economics and business #FOS: Physical sciences #General Finance (q-fin.GN) #Microgrid Control and Optimization #Physics and Society (physics.soc-ph) #Smart Grid Energy Management
paper · pdf · doi:10.48550/arxiv.1407.0433
openalex publication_date 2014/07/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
Distributed, controllable energy storage devices offer several benefits to\nelectric power system operation. Three such benefits include reducing peak\nload, providing standby power, and enhancing power quality. These benefits,\nhowever, are only realized during peak load or during an outage, events that\nare infrequent. This paper presents a means of realizing additional benefits by\ntaking advantage of the fluctuating costs of energy in competitive energy\nmarkets. An algorithm for optimal charge/discharge scheduling of community\nenergy storage (CES) devices as well as an analysis of several of the key\ndrivers of the optimization are discussed.\n